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20140504
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CNBC
May 2, 2014 5:00pm EDT
jobs number overshadowed by a labor force declined and reunited fears of ukraine and russia helping send the early morning rket rally into reversal mode. brian, kelly, it's interesting because, the tlt -- >> it's very interesting. bonds have been climbing and yield versus been falling for awhile. actually since the first of the year we had this flattening of the yield curve which would say sometime in the future we would get slower growth. then you saw the jobs number. it was good. we could argue about the labor force participation rate but still we're creating jobs in this country yet the market faded. ha that's why i think the market sentiment changed here. what we had for the last four or five years is everybody saying good news is bad news. completely reversed the psychology has changed. >> it's funny. i'm totally the opposite way. i actually bought the tbt today. if you look at the bond market, at 260 to 280 yield range all year. i think a lot of the market was positioned to be short into this market. it's one of the moves. i think it was short covered and overdone and i think
CNBC
May 2, 2014 3:00pm EDT
ukrainian helicopters. coming up, we'll look at whether an all-out war between russia and ukraine is inevitable and how the markets and the west could respond to the increased tensions. >> and then he cancelled on us yesterday at the last minute with no reason given, but boxing champ floyd mayweather has promised to come back with us today, so will he step into the ring with us, and especially with sarah who boxes, by the way. >> i would never go up against lloyd. >> he'll tell us why he wants to buy the l.a. clippers from donald sterling who has been banned, as we know, for life, and mayweather says sterling is a friend of his so there's a good chance, really good chance for a good interview with floyd mayweather jr. coming up this hour. stay tuned. stay tuned. and guaranteed one-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and e-trade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fi
CNBC
May 2, 2014 1:00pm EDT
was surprised it doesn't hold earlier, but you think mart of the reason might be russia? >> i think the report, you know, on the face of it blew everybody away thinking, my god, what a great number, but underneath you have the geopolitical, but then you have this push, and the fact that it hit some resistance there, i think the buyers started to back away a bit, which tells us we're still stuck in this range, investors are thinking there's probably a pullback coming. >> what do you think, bob? >> this is a difficult day for the traders. you know you're in trouble when your best sources call you and ask you what's going on. i had traders calling up and saying what's happening here? what happened was, first, confusion about the jobs report as steve beautifully laid out. beautiful number, but the labor force participation rate muddles the picture. in the middle of the day, all of a sudden we saw the stock market moving down, gold moving up, most people attribute that to mr. putin calling for a security council meeting on the ukraine, that that would be a potential figure leaf for him to potential
CNBC
May 2, 2014 12:00pm EDT
was looking for this number and we got what we wanted. i would say, mel, it's not so much russia, ukraine or the jobs number. i think it's more technicals. we've gotten up to this 1883, 1885 range several times and retraced. so that's what i'm looking. i thought this number might be enough to p usual p through, but if we get through that, we get momentum. it for the i think we're looking for a pullback in the mid 1800s. >> basically stay the same. >> but also day how about that dip underneath 13? i actually look at this buy when you can, not when you have to. this is a great example. to murph's point, we've had a hard time getting through, i think at some point in time we bust up through there. when that happens, i'm not sure which time, but if you've got protection, you can hold on to these stocks if we get that lift. we're seeing breakouts. look as exxon mobil, look at the way some of these major -- mcdonald's another great example, so we're seeing that move to the up side. i still like the big caps, but i think you have to be very, very selective within both sides. >> santelli, your ta
CNBC
May 2, 2014 9:00am EDT
. the catalyst, the increasing tensions of ukraine, russia calling for emergency u.n. security council meeting after pro-russian forces shot down two cr ukrainian helicopters. the gdl up about 1%, as well, carl. back over to you guys. >> thanks so much. >>> when we come back, if steve jobs were alive today, should he be in jail? that's the headline of the jim stewart column this weekend in "the new york times." stewart's here to talk about what he's written in a moment. but first, rick santelli watching the jobs number and other things today, rick. >> yeah. i'll tell you what. just getting arms around the jobs number and objective way to try to get on the same page as the market is a real job. but i will leave you with this. geopolitics is the new weather. what do i mean by that? you have to join me at the bottom of the hour. >>> european markets closing a moment ago. let's bring in simon hobbs. >> if you took a weighted average of europe down half of 1%. manufacturing data good today. the eurozone growing at the fastest pace in manufacturing for three months but the unemployment rate at 11.8%
CNBC
May 2, 2014 4:00am EDT
is down a third. in russia, the micex is down a third as well. china still close because of a two-day holiday. they'll be back on monday. the nikkei slipping down 0.2%. the hang seng up 0.5%. the s&p sx. just take a net on this, 38 treasury yields 3.42% at the moment. we got down to 3.39%. the ten-year has been down to two-month lows, 2.59 was the yield during the session yesterday. we're off those lows at the moment. but maybe a bit of a short squeeze going on in treasury markets. we'll talk about that during the show. on the currency markets, the dollar, cautious again ahead of nonfarm payroll. euro/dollar, 1.36 and dollar/yen 102.46. we keep our eyes on sterling, 1.69. up near a five-week peak. that's where we stand with currencies right now. meanwhile, let's bring you up to speed with the latest in ukraine. reports of casualties in eastern ukraine today after the country's military has launched a large operation to regain control of the town of slovyansk. sources say pro-russian separatists have strengthened their hold on donetsk after taking another government building. prime
CNBC
May 1, 2014 5:00pm EDT
and drops. a drop for avon down 10%. >> avon is everywhere you don't want to be. russia, brazil. >> very a centric for you to say. >> the stocks lower, i don't think it's cheap. >> drop mww down 18%. >> the stock is lucky to be holding up 5. otherwise institutions would be dumping the stock. $4 and some odd cents was the 52 week low. >> t-mobile up 8%. >> they were looking for a 900,000 number. sprint mentioned they are going to explore a deal possibly in june and july. this is one i don't think you want to chase on an up day. but if you can get it back toward the 25, 26 level that's where you get in for a deal. >> drop for walter energy down 4%. >> this is the octogon of death. >> is that worse? >> it's got to be worse. all i know is a 50% short interest and these folks have been raking it in. this company can't get out of its own way. you're talking about a market cap less than half a billion dollars. a few years ago they were talking about this being a takeover candidate. it's amazing how quickly it's turned. there'll be an opportunity to buy it but nothing indicates it's today or tom
CNBC
May 1, 2014 3:00pm EDT
highs. >>> we want to talk about what's happening in russia and ukraine because russian president vladimir putin is threatening an oil war that could send energy prices up here in the u.s. and everywhere else. jackie deangelis has that story. >> reporter: that's exactly right. it is that fear and nervousness right now that's keeping crude oil supported at these levels. of course we had had a bearish inventory report yesterday showing that the u.s. market is well supplied but that really didn't have as much of an impact as trades were expecting. now what is it that putin actually said. he told reporters this -- he said we would very much wish not to resort to any measures in response, but i -- and i hope that we don't get to that point. but if something like that continues, we will of course have to think about who is working in the key sectors of the russian economy, including the energy sector, and how. now investors are a little concerned that his comments could be aimed at long-term projects in russia with international oil majors like bp, shell, france's totale and exxon-mobil
CNBC
May 1, 2014 12:00pm EDT
their energy from natural gas. you've got ukraine going on, europe gets 25% of their natural gas from russia. this is a motif of the suppliers to the gas industry. this motif is up 46 points. 20 points year to date. and a lot of this is the turmoil that's happening in the world, and that's what's driving the demand for this. >> what else? what else is hot right now? >> a motif called high-yield dividends. this is the top yielding companies in the s&p that haven't cut dividends in the last ten years. we've taken out companies that have underperformed over the last six months to avoid yield. personal -- dividend income as a percentage of personal income has doubled over the last two decades. so it's doing really well. and it's up 26 points. it's yielding 4.35% versus the s&p, which is yielding 1.8% right now. >> yeah. and i love his fracking plays, of course, hardeep because in particular, judge, we talked about them yesterday here on the show. silica and crr, those are two of the stocks that i would put into one of these motifs because they are what's helping people get the fracking oil and n
CNBC
May 1, 2014 9:00am EDT
on foreign policy. the new sanctions on russia, do you have any indication that they are having an effect. >> it's too soon to tell, but the president has been very deliberate, very measured. we've had a lot of engagement with our business community here, engaging their reaction to our sanctions and so far we have had their full support as well as, of course, importantly the support of our allies in the g- 7. >> want to ask you about an issue that has gripped america this week the nba scandal. do you think a $2.5 million fine and bap for life for donald sterling is punishment enough for what he said? >> well look, we support his decision. it's up to the nba and adam silver did a swift and thorough investigation and he reached a conclusion and we support his conclusion. >> do you think your fellow chicagoan oprah winfrey should bid for the clippers? >> i heard about that. i was excited to hear she was interested. seems to be a lot of buzz going on about that. >> sounds like you support the idea of him no longer owning the team though. >> i support the decision of adam silverman. i think wh
CNBC
May 1, 2014 6:00am EDT
the interim government's tenuous hold on power there. further escalation of tension with russia and unrest in the east. acting president says russian militants have won the east. and security forces were helpless to stop pro-russian separatists. >>> let's take a look at stocks to watch. cardinal heating, $1.01 a share profit. textron with first quarter profits of 31 cents a share. overall profit fell 24% as textron delivered few bell helicopter s and unmanned aircraft systems. yelp lost 4 cents. it sells more mobile ads. avon earned 12 cents a share in the first quarter, nine cents below expectations. revenue below. >>> coming up, we'll talk deals and corporate taxes with roger altman. i have a couple other ones i want to talk to you about. top of the hour, jim paulson and josh feinman. squawk coming right back after this. this. [ grunting ] i'm taking off, but, uh, don't worry. i'm gonna leave the tv on for you. and if anything happens, don't forget about the new xfinity my account app. you can troubleshoot technical issues here. if you make an appointment, you can check out the status he
CNBC
May 1, 2014 4:00am EDT
.2%, actually effectively saying the country is in recession right now. do you agree with that? >> for russia, yes, i believe they are in a recession. >> for russia. >> we'll know more about the first quarter later this month. i wouldn't be surprised to see it fall again in the second quarter. we know it was about $750 million there. in the second quarter it will still be significant. >> how has this not gone back into ukraine, the funding they need, when russia clearly is at the moment trying to destabilize the economy and create a federal country? >> well, this is what's facing ukraine. on the one hand it's a brink of crisis with macro economic problems. this is a huge program, $17 billion is massive, well over ukraine's quota at the imf and it should free up additional funding, too, from the world bank and eu and from bilateral governments, too, from the u.s. as well. but this has all gone on the economic side. there's a political angle to all of this, too. really. the center is now losing control. this is the worry in development over the past week or so, that these, the country is now cl
CNBC
Apr 30, 2014 6:00pm EDT
that you're doing. russia just add to the list of things that keep you up at night? >> well, it's certainly come on the radar screen lately. at this point hasn't had any impact on business. so we'll keep our fingers crossed. >> okay. now, one of the things i don't know that much about, i do watch kids surf because i think it's a great sport, okay. but i knew kelly slater and that's someone you had a relationship with and that relationship ended. i don't know why it ended and the press reports aren't that clear, but is this okay for you that this -- iconic figure is no longer connected with the company? >> athletes have always been important for quiksilver in particular of the three brands, but important in varying degrees for all the brands. we had a fabulous run for kelly for over 20 years. he indicated to us in the summer that at this point in his life what he really wanted to do was give back to his own brand boutique high-end brand. he's very environmentally conscious. he wanted something high-end and premier. and also environmentally aware. he wanted to do his own thing. and the timing
CNBC
Apr 30, 2014 3:00pm EDT
in north america, though 25% of our business is outside north america, europe, russia. >> and there are listed companies in the s&p 500, you know, are headquartered overseas and have roughly the proportion of business you guys do and they are getting a better rate than you are. >> sure. well, look, we -- we look at all the options all the time. we've talked about that with our board. you know, we're focused on what we can do right now. we wouldn't have that opportunity to exist today. how can we improve earnings and cash flow with the portfolio that we have? >> john faraci, chairman and ceo of international paper. >> thank you. >> thank you. >> yeah. on a nice beat relative to the street today for their earnings. he tied for third place on cnbc's list of the 25 most influential people in business over the last 25 years, so what does former fed chair alan greenspan say his greatest achievement is, and what's his greatest regret from his time at the fed? he'll join us next in an exclusive interview. >> and is the market really rigged, as author michael lewis claimed in h
CNBC
Apr 30, 2014 6:00am EDT
come in from russia over the next period of time. >> that's, i mean, something people look at. they look at energy is what jack welch was talking about yesterday, you think finance is going to be an area of strong growth? >> i think finance is at the root of everything that happens. so i think it has top. the economy will be good. i think it has to be good. i think energy, when you see a pipeline thing that makes sense, put it off until after an election. >> is this on purpose? i wasn't listening. now you say that. isn't that just. >> it doesn't make any sense. i mean, then you have to wait until the next election and the next election. >> every two years, unfortunately. >> the stuff is going to go some place else. it's obviously a safer way to transport that kind of oil. why not become an exporter of it? >> we talk about this often on camera before. who did you support, two elections ago for president? >> oh, boy. >> you supported barak obama. you didn't the last time around, why? >> pardon me? >> why? >> i didn't think he did a good job. >> the thing that bothers you the mos
CNBC
Apr 30, 2014 4:00am EDT
the recent rise india in dollar terms is still down something like 35% from its peak. russia is dirt cheap. i don't think there's a hurry to buy russian stocks. >> no, no. not until we have a little bit more clarity, perhaps. mark, good to have you on the show. you'll stick around. mark farber, publisher of the boom, gloom and doom report. do you agree with mark? is there potential for a bigger correction? get in touch with us, e-mail worldwide@cnbc.com, @cnbcwex or @rosswestgate. >>> we'll discuss what's next for the social media giant, twitter. >>> to qe or not to qe. that seems to be one of the questions. the figure for eurozone inflation comes out in around 45 minutes. could have a big bearing on what the ecb does or doesn't do. >>> cnbc hits the catwalk. we catch up with super model kate moss to find out about her latest business venture. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single cl
CNBC
Apr 29, 2014 9:00am EDT
kind of exogenous event, could be something as simple as russia ukraine becoming more difficult. >> okay. >> don't know. something out of the ordinary. >> i wondered if you were going to say growth is disappointing and perhaps won't get the growth the market assumed. if you look at what's happening in the market you have strong rotation. we've spoken many times about the high flying tech stocks, biotech, social media, that have lost a huge amount of value but you see weakness in housing. in financials. economically sensitive areas, the utility index is pushing up towards an all-time high. what do you do with that rotation? do you follow through? >> well, we look at the individual companies and their own valuations. so we think that some of the high flyers, which have come down, are still at fairly lofty valuations and hard to justify. we contrast that with other old technology dinosaurs like microsoft, cisco, hewlett-packard, where their actual results have been quite good and their valuations are very attractive. so we wouldn't necessarily look at the rotation in a kind of a se
CNBC
Apr 29, 2014 6:00am EDT
near a seven-year high, despite what's going on in ukraine. the cac current is up 0.4%. in russia, up 1.2% as well. more on that in a second. earnings higher today. nokia leading the european indices after unveiling plans to return more than $3 billion to shareholders in buy backs and extra dividends. the stock today up nearly 8%. this is despite a slip in the company's first quarter revenue. although investors also appear to be welcoming the firm's new ceo. good moves higher from deutsche bank, up 2.6%. it also announced a bond issue to increase the strength of its balance sheet. no news about a capital hike. we did get more announcements today on the methodology for the european banking association's stress test which are coming out for the eu today. it will include fx an a spike higher in sovereign bond yield as well. we're focused on bp, the stock up not quite a percent in london. the oil giant saying earnings at its russian partner, rosneft, have been hit by a weaker ruble. that firm's ceo has been hit by u.s. sanctions. talking about the sanctions being announced by the u.s. and t
CNBC
Apr 29, 2014 4:00am EDT
to europe were up 15% last year. russia's top natural gas producer says any expansion of western bank sanctions could lead to adverse consequences and shares in the company. the kremlin meanwhile denounced a decision by the eu and u.s. to ramp up sanctions. seven individuals targeted by the white house. 17 companies have also been hit. and within the last hour, the eu has followed the states and expanded its black list of sanctions against high-profile russians. the eu is also targeting the deputy prime minister. william hague said the western had no option than to introduce these wider sanctions. >> increasing the scope of the sanctions placed on russia is the right response for the failure to implement the geneva agreement. in the last two hours, the united states has announced it is imposing sanctions on seven further russian government officials, including two members of president putin's inner circle. sanctions on 17 companies also linked to putin's inner circle and additional restrictions on 13 of those companies. >> joining us with their thoughts, joseph dire, and lankton. welc
CNBC
Apr 28, 2014 3:00pm EDT
will puck up and now we have this continued text between russia and the ukraine weighing on investor minds and between now and year end data is going to accelerate and looking at russia we hope that the situation there will de-escalate. >> jim, this goes back to a point of how you made a point that your own research said pretty much everybody surveyed, you think you talked to five dozen guys on the street, every single person expects rates to go hour and that's been the case for months here as rates have consistently not going higher. >> 67 economists were surveyed at the beginning of april. look, everybody wants to buy a message. just short the bond market because everybody is concerned it's going up in price and down in yield. >> would you really? >> no, i think therein lies the problem. the pride has already happened. what do people say when they are all bearish? already sold. no more selling left, and that's why yields are not going lower anymore and all the talk of economic growth and everything else is not getting a rise in yield because that trade has already occurred. >> how doik a
CNBC
Apr 28, 2014 1:00pm EDT
that in a moment. first to kate kelly on u.s. companies with energy ties to russia. >> expanses sanctions today in russia that you just mentioned are the latest potential blow to multinational companies doing business there. some of the stocks involved are already taking a hit. the most obvious point of tension is the energy sector. the sanctioning today of igor accept chin, who running the largest company, could have bp owns nearly 20% of it, and royal dutch shell is another with ties to the russian energy business, albeit with stronger exposure on the natural gas side. in the financial arena, credit card companies like visa and mastercard, which have been forced to stop processing payments through certain russian banks are already taking a market hit. we heard on friday from visa it that the session ways should shave pencies off the earnings and banks may be affected, too, including stu group, which counts russia as a major regional market, and morgan stanley. not so much an earnings hit, but it could affect that deal. finally consumers names like the beverage makers, pepsico is and co, while
CNBC
Apr 28, 2014 9:00am EDT
. pfizer is going to invert? exxon ought to if they get involved with russia. >> you mentioned they are not a creditable company. i was worried about the dividend. >> i'm worried about that dividend. >> well pfizer doesn't have to worry about things like that. i think they said not to worry. right. nothing says it will be. we'll see what happens here. we have a month to go it is incredible isn't it? >> we haven't seen this activity since the 80s. these are bigger. they are. now they will say and they did on the call that lizen, we are strengthening the inner core and it is the attractive news of the business but to your point whether it is steel, my len's failed attempt for meta. getting out of the u.s. tax jurisdiction to enable and free up your ability to move it. when they ask senators when they come on air do they know? why are we taxing stuff? >> clearly like water companies will find their way around it. you have to do credit on the tax. >> every american should be trying to figure out how to solve it. they have an advantage over the industry or another. shocker. but agai
CNBC
Apr 28, 2014 6:00am EDT
many are trading with russia. 40% of russian traders trade with europe. so if we move this to russia, russia will retal -- >> we live in the neighborhood, the global neighborhood. and that's why this decision is so hard because what is clear politically is not consistent economically. all right. we are going to take a break, and when we come back, i want to ask you about -- will you say new normal for me? >> new normal. the boys from pepco think they are still there, and am i reading this? go back down. >> we'll take a quick break. when we come back, we'll have much more from muhammad alerian. much more right after the break. ♪ "first day of my life" by bright eyes ♪ you're not just looking for a house. you're looking for a place for your life to happen. ♪ >>> game of thrones continues. doesn't that sound like -- what is that? >> rome? >> the guy at the beginning, sounds just like him. do you watch? >> i do. >> at the beginning, all the things moving around. we'll go back to our special guest, former pimco cio and the chief economic adviser and member of the international execu
CNBC
Apr 28, 2014 4:00am EDT
they reject a multibillion dollar bid from the u.s. giant. >>> and russia braces for further sanctions from the u.s. and europe as pro-russia separatists release one military observer but keep seven others hostage in eastern ukraine. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> french president francois hollande is currently meeting with alstom's gm to hear an alternative proposal. let's go out to frankfurt for more on this. annetta, what has this approach from siemens meant for the future? >> this is a good sign that they are quite old when it comes to act weations. so some people would have or already said it might be the case that he's more reluctant and that would be very bad for siemens, so he's not trying to miss out on an outstanding opportunity. siemens is calling that a good sign for the future. so what is on the table, siemens according to the letter that was sent to the ceo yesterday and circulated and leaked to various media is bidding up to $15.3 billion u.s. dollars for those energy assets. that's a lot more than ge is putting o
CNBC
Apr 27, 2014 7:30pm EDT
with russia and ukraine? >> that worries me a lot. when i look at what's going on there. i think at this point you're not apt to go into some sort of militaristic war and europe is really in a very precarious position because they are so reliable on russia for energy. while it doesn't look it would affect us much if we have some sort of gas or energy crisis that's a big deal. and so there's a lot of unknowns as to what the ripple effect would be if we have an economic war. that's a big deal. >> what about next week? anything that jumps out. what's on your radar screen? >> jobs numbers and obviously the fed. we're going to hear from janet yellen and get another picturep she's going to do everything possible to help the economy or we have a plan and we'll reduce our systtimulus and expect thatr a time to come. i hear people say ukraine is something so fixate on and i agree with that and the market is right in how it treated today so far. >> thank you both for being here. >> thank you. >> great talking to you. up next, we're "on the money", house hunters might suffer from sticker shock this sprin
Search Results 0 to 24 of about 25